Betsson posts record third-quarter revenue, profit declines
Betsson's third-quarter revenue reached 326.5 million euros, the highest level in its history. However, higher marketing and personnel expenses caused net profit and EBITDA to decline year on year.
Betsson recorded revenue of 326.5 million euros in the third quarter of 2026, setting a record for a single quarter. The number of active customers rose 40 percent to 1.9 million. Casino products led the revenue growth, with casino revenue up 14 percent to 253.5 million euros.
The sports betting picture is more mixed. Sports betting revenue grew 1 percent to 71.8 million euros, while the betting margin fell from 8.8 percent to 8.1 percent. The World Cup's impact at the start of the quarter increased betting volume by 8 percent.
By region, Latin America generated the highest revenue at 116.1 million euros and grew 52 percent. The company recorded strong growth in Argentina, Peru and Colombia. The closure of the Brazilian market, however, creates uncertainty over the longer term. In Western Europe, revenue rose 14 percent to 64.8 million euros, with Italy posting a record while Belgium declined.
On the other hand, marketing expenses and personnel costs increased. This rise offset the revenue gains, and net profit and EBITDA declined year on year. Company executive Pontus Lindwall described the record revenue and customer numbers as evidence of the strength of the business model.
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